I'm also experiencing big blobs (I think it's the same issue you define as "melt volcanoes") with the latest firmware. I'm running an experimental 0.14.2 that was supposed to address those blobs but it doesn't in all cases.
From my experience I can tell you that I'm seeing the blobs just with Slic3r generated gcode. By using Cura it doesn't.
Observing the printer while it prints I can observe that with slic3r gcode the bed is pausing for a second every now and then and sometimes the blobs comes out.
The problem is that I prefer Slic3r than Cura... xy size compensation is priceless, for example...
Here a picture of what I call "big blobs" (i had to abort due to hopping while the head was passing over that blob):

So by reverting to 0.11 do you say that slic3r gcode is printing better? Are you sure?